Gold Price breaks a month-old bearish channel towards the south and suggests further downside past the latest three-month low surrounding $1,920. However, the oversold RSI conditions keep offering intermediate bounces as the bullion drops towards the 61.8% Fibonacci Expansion (FE) of May 15 to June 16 moves, near $1,907. Following that, the $1,900 round figure may...
This is an entry taken after a multi confirmation such as SMC, price action etc...All of you are requested to trade only after getting multi confirmation and take full care of your risk management.
Gold is clearly on sell pressure and we can expect more decline
The red flags have been mounting in gold for a few weeks now - and likely to no surprise to regular readers, my opinion continues to reflect caution; today, more so than over the last month. The below daily chart shows the rejection at the prior upward trendline proving itself stiff. The $1930 spot is once again broken to the downside, and daily momentum looks on...
GOLD Buy trade opportunities The gold market has been experiencing a strong bullish trend but currently is taking a retracement. I have identified a support area, and if the market reaches this level, it could present a promising opportunity for a long trade.
World gold prices stand at $1,947, a $10 decrease from yesterday morning. The question now is what will cause gold to break out of the trading range between $1,940 and $1,980, as last week's economic events failed to meet expectations. The recovery of the USD has put pressure on gold. This morning, the US Dollar Index, which measures the fluctuation of the...
Gold prices could remain in neutral territory in the near term, unable to push to $2,000 an ounce as the marketplace sees lackluster bullish sentiment. While gold prices are ending the week in neutral territory, bouncing from a three-month low following the Fed decision, analysts are not expecting to see any significant price action in the near term. Need to get...
The current global gold price stands at $1,961, a strong increase of $26 compared to yesterday morning. After a sharp decline yesterday, gold has regained its position by rising significantly since last night. This has made experts more optimistic about gold, with forecasts that the precious metal will sustainably rise above $2,000. Recently, experts from the...
so in the chart we can see that market is now going to bullish , overall market is in sell chances are also in sell after news but in the mean time we can say that the market do some bullish moves then go to down side i have marked the levels ,after touching these levels possibilty is in sell , it's just an idea of mine and overview that i am sharing not confirm...
Gold has broken down from the consolidation from the flag pattern. Bearish overhang on the commodity is likely to continue in the near future and we can see some more correction coming in. There were a lot of gold positional longs and they will perhaps have the trailing stop loss triggered, that can lead to some fast moves on the downside.
xauusd trade analysis with high reward , lets run the setup and watch it
Gold prices are preparing for another important event - the US Federal Reserve's (Fed) day. The rising yields of US Treasury bonds are causing the US dollar to weaken, allowing gold prices to rise slightly. The US Bureau of Labor Statistics (BLS) reported on Tuesday that the US Consumer Price Index (CPI) increased by only 0.1% in the month, resulting in a sharp...
Gold prices continued to drop significantly this morning, with spot gold falling $13.4 to $1,943 and August futures trading at $1,956, down $14 from the previous day. This decline is due to reevaluation of rate expectations after the Fed's decision last week. The latest inflation report shows a mixed outlook for the US. While the CPI index has dropped to a low of...
FOREXCOM:AUDCAD Hello traders , here is the full multi time frame analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. wait for more Smart Money to develop before taking any position . I suggest you keep this pair on your watchlist and see if...
Gold again bounces off the 100-DMA after five consecutive attempts to break an important moving average that has been pushing back bears since late May. Adding strength to the said DMA support is the 50% Fibonacci retracement of its late February to May upside, near $1,940. It’s worth noting, however, that the oscillators portray a grim picture for the XAUUSD...
This can be a good buy entry. This is #smc based & multi confirm entry based, but You take your entry only after multiple confirmation And do take care of your risk management.
Gold prices fell during the midday trading session in the US on Monday due to a strong US dollar index, a sharp drop in crude oil prices, and an increase in US Treasury bond yields. The market is relatively calm before the Federal Reserve's FOMC meeting, which will end on Wednesday with Chairman Powell's statement and press conference. Despite earlier...
Am anticipating for a liquidity run to upside to 1978 then downside to 1942.